The difference between actual third-quarter performance metrics (e.g., revenue, occupancy) and the projected or budgeted figures, highlighting deviations from expectations.
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Glossary Term: Budget
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The expenses incurred in the day-to-day running of a short-term rental property, excluding major renovations or capital expenditures.
Refers to the wide variety of choices available to both hosts and guests in the short-term rental market. Hosts can choose from various platforms like Airbnb, VRBO, and Booking.com, each with different features and target audiences. Guests can select from a diverse range of properties based on location, size, amenities,...
A budget-friendly hotel chain that can serve as a benchmark for pricing competitively in the short-term rental market.
The allocated amount of money designated for purchasing furniture and decor for a short-term rental property.